MCX Silver Futures are available for trading in The Multi Commodity Exchange (MCX). The standard contract size it 30kg. Silver is often used in Jewellery, aerospace industry, Medicine and dentistry and Wealth protection and a financial exchange. The biggest producers of Silver are China, United States and India. Silver prices displayed in GoldSilverReports are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.
MCX Silver Lifetime High Low [Silver All Time High Low]
Silver Prices – Historical Annual Data
|Symbol||Year||Year High||Year Low|
Historical data for real mcx silver prices per kg back to 58,000. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today’s latest value. The current price of silver as of December 17, 2021 is 62137 per kg.
FAQs on Silver Lifetime High Low
Simply put, there’s more demand for silver than there is for Silver in the industrial world. That demand has helped lift the price of silver. As the economy rebounds from the 2021 recession, industrial demand for silver is expected to increase even more.
With the “inflationary pressures of low rates, continued stimulus and a falling dollar, all precious metals are in an environment conducive for materially higher price potential,” Neal Bhai says. Samuelson believes silver remains undervalued relative to gold by 10% to 30%. – GoldSilverReports.com
For 2022, further growth in physical silver investment is expected, such as silver bullion coins and silver bars. This silver market segment should rise for a fourth year, jumping 30 percent to 280.20 million ounces — that would be the highest level since 2016. – GoldSilverReports.com
Just about everything is hitting an all-time high in 2021. However, prices of Bullion (Precious Metals) such as gold and silver have yet to hit a new all-time high. This may be the ultimate opportunity to acquire precious metals at a bargain price while other investors are attracted to other types of investments.
The short-term price prediction for silver is set at $20.80/toz by the end of 2021, according to the World Bank. The long-term prediction to 2030 forecasts a significant drop in the commodity’s price, reaching $12.40/toz by then. – GoldSilverReports.com